Colgate-Palmolive quarterly sales miss Wall Street estimates

The maker of Speed Stick deodorants and Softsoap hand-wash said net sales rose 1.6 percent to $3.89 billion, but the figure was below analysts’ average estimate of $3.92 billion, according to Thomson Reuters I/B/E/S.

Net income attributable to Colgate rose to $637 million, or 73 cents per share, in the second quarter ended June 30, from $524 million, or 59 cents per share, a year earlier. (Reporting by Richa Naidu in Chicago and Nivedita Balu in Bengaluru; Editing by Bernard Orr)